Morgan Stanley Files for Bitcoin and Solana Trusts, Managing Nearly $9 Trillion in Assets
- Crypto Market Expansion: Morgan Stanley has filed for Bitcoin and Solana Trusts with the SEC, aiming to provide institutional investors with easy price exposure while managing nearly $9 trillion in assets, indicating a strong interest in the crypto market.
- ETF Product Innovation: The Bitcoin Trust will track Bitcoin prices and offer spot exposure through in-kind creation and redemption, although key details like the listing exchange and custodian remain undisclosed, this move could attract more institutional investors.
- Yield Generation Strategy: The Solana Trust will similarly track SOL prices and plans to stake the Solana held to generate extra yield for investors, a strategy that may enhance the product's appeal, especially among institutions seeking returns beyond simple price appreciation.
- Industry Trend Leadership: Morgan Stanley's filing signifies an increasing acceptance of cryptocurrencies by traditional financial firms, and if approved, it will become the ninth issuer in the Solana ETF market, further solidifying its leadership position in the crypto asset space.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST) As of , JUST (JST) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.033 | 0.0358 | 0.0386 | 0.0414 | 0.0442 | 0.047 | 0.0497 |
| Fibonacci | 0.0358 | 0.038 | 0.0393 | 0.0414 | 0.0435 | 0.0448 | 0.047 |
About JST
About the author
